Day 2

Course 2011 - NY Budget Bill/Hot Audit Issues

Thursday, November 16 @ 7:45 AM
(2 CPE TAXES) (2 CFP) (2 CLE)
Mark S. Klein, Esq., Joseph N. Endres , Esq.

Repeat of Course 1054

This seminar will cover the latest developments in NYS’s 2023-2024 budget bill, including proposals that may become law.  We’ll look at the tax impact of the post-pandemic exodus from NY, the surprising multistate tax consequences of telecommuting, and two new audit initiatives: sales and withholding tax.

Who Should Attend:
Accountants, Attorneys, CFPs

Learning Objectives:
Recognize and identify the latest developments in New York State’s 2023-2024 budget bill

Level:
Intermediate

Prerequisites:
None

Advanced Preparation:
None

Delivery Method:
Group Live

Course 2012 - Interest Tracing and Debt Financing

Thursday, November 16 @ 7:45 AM
(2 CPE TAXES) (2 IRS CE G1U2N-T-00279-23-I) (2 CFP) (2 CLE)
Robert S. Barnett, JD, Masters (Taxation), CPA 

Interest tracing has historically been an essential component for real estate and business entities.  Financing and refinancing proceeds are often invested in new ventures or distributed to owners.  In the late 1980s various notices provided guidance on how to implement loan tracing for pass through entities.  The Tax Cuts and Jobs Act (TJCA) which was implemented in 2017 created new rules and requirements. This presentation will provide illustrations and examples to show how the rules operate in various situations.

Who Should Attend:
Accountants, Attorneys, Financial Planners 

Learning Objectives:

Prerequisites:
None

Level:
Intermediate

Advanced Preparation:
None

Delivery Method:
Group Live

Course 2013 - Aging in Place: Home Equity as a Funding Resource Option

Thursday, November 16 @ 7:45 AM
(2 CPE Specialized Knowledge) (2 CFP)
Steve Conroy, Reverse Mortgage Consultant

This presentation addresses the Home Health Care Crisis. Today, as many as 50 million Americans receive home care from either family members or professionals. Most of those receiving this care are over the age of 65, a population group that is expected to grow to 73 million by 2030.

There is a caregiving funding gap. The annual cost of a daytime caregiver is $45,750 annually (44 hours per week). The cost of an around the clock caregiver is $137,000 annually. Utilization of home equity can help families cover these costs who might not qualify for Medicaid.

This solution can enable home health care agencies to work with a lender that has an Aging in Place Partnership team of professional Financial Planners, Real Estate Specialists, and an Aging in Place Gerontologist. It could improve their business if their clients had more funding resources and options.

Who Should Attend:
Accountants, Attorneys, Financial Planners

Learning Objectives:

Prerequisites:
None

Level:
Intermediate

Advanced Preparation:
None

Delivery Method:
Group Live

Course 2014 - The Ugly 1040

Thursday, November 16 @ 7:45 AM
(2 CPE TAXES) (2 IRS CE G1U2N-T-00280-23-I) 
Beanna J. Whitlock, EA, CSA, RTRP

Remember when Individual Income Tax was fun! Gone are the days of a “simple” 1040.  Participants will meet Irwin and Ursala Ugly and prepare their tax return based upon the usual and unusual circumstances of their income for 2022.  Attendees will discover the added value they bring to their taxpayers when they know the rules and apply provisions of the code when appropriate.  Hands on participation will have attendees prepared for unusual and complex situations for their taxpayers and how to charge for their efforts.

Who Should Attend:
Accountants, Attorneys

Learning Objectives:

Prerequisites:
None

Level:
Intermediate

Advanced Preparation:
None

Delivery Method:
Group Live

 

Course 2001 - Keynote: Financial Crimes

Thursday, November 16 @ 9:45 AM
(1 CPE TAXES) 
Special Agent Anthony M. Martinez, Complex Financial Crimes; Special Agent Gurdeep Singh, Securities/Corporate Fraud

Agents from FBI New York, White Collar Crimes, will discuss recent adjudicated cases, current trends, and recommended best practices.

The FBI's white-collar crime program focuses on analyzing intelligence and solving complex investigations—often with a connection to organized crime activities.  White-Collar Crimes are not violent, but they are not victimless. White-collar crimes can destroy a company, wipe out a person's life savings, cost investors billions of dollars, and erode the public's trust in institutions.  Types of crimes include Health Care Fraud, Corporate Fraud, Money Laundering, Securities and Commodities Fraud, Mortgage and Financial Institution Fraud, and Intellectual Property Theft/Piracy.  To accomplish this, the FBI works closely with partner law enforcement agencies like the SEC, IRS, US Postal Inspection Service, Commodity Futures Trading Commission, and the Treasury Department's Financial Crimes Enforcement Network.

Who Should Attend:
All Attendees

Learning Objective:

Level:
Intermediate

Prerequisites:
None

Advanced Preparation:
None

Delivery Method:
Group Live



Course 2021 - DEMYSTIFYING THE WISP! - The Technical Reality of WISP Requirements

Thursday, November 16 @ 11:15 AM
(1.5 CPE SK) 
Armando D’Accordo, President, CMIT Solutions of South Nassau

A Written Information Security policy has been a requirement in some states for many years, and now it is required for all US tax preparers. In the session we will help you understand the process and explain why you do not just write a WISP, you NEED to live by the WISP.

Who Should Attend:
Accountants

Learning Objective:

Level:
Intermediate

Prerequisites:
None

Advanced Preparation:
None

Delivery Method:
Group Live

Course 2022 - SECURE ACT 1.0 and 2.0: A Changed Retirement Planning Landscape

Thursday, November 16 @ 11:15 AM
(1.5 CPE TAXES) (1 CFP)
Paresh Shah, CPA

The world of retirement plans and retirement planning has been altered with the SECURE ACT 1.0 and 2.0. In this presentation, we will go over the changes and discuss how best to help our clients plan better and avoid mistakes.

Who Should Attend:
Accountants, Attorneys and CFPs

Learning Objective:

Level:
Intermediate

Prerequisites:
None

Advanced Preparation:
None

Delivery Method:
Group Live

Course 2023 - Not So Fast: Why Moving Out of NY Isn’t as Easy as You May Think

Thursday, November 16 @ 11:15 AM
(1.5 CPE TAXES) (1 CLE)
Karen J. Tenenbaum, Esq., LL.M (TAX), CPA, and Marisa Friedrich, Esq.
Join our panel for an in-depth discussion of the different ways in which NYS may tax individuals, even those who thought they had left the state. Discussion will cover both domicile, statutory residency and allocation rules as well as common mistakes made by taxpayers.

Who Should Attend:
Tax preparers in New York State

Learning Objective:

Level:
Intermediate

Prerequisites:
None

Advanced Preparation:
None

Delivery Method:
Group Live

Course 2024 - Estate and Gift Tax Update

Thursday, November 16 @ 11:15 AM
(1.5 CPE TAXES) (1 IRS CE G1U2N-U-00281-23-I)
Beanna J. Whitlock, EA, CSA, RTRP

The Tax Cuts and Jobs Act of 2017 sunsets January 1, 2026.  Participants will review the current annual exclusion as well as exemption amounts for gifts and estates.  Attendees will learn how dangerous the failure to report a taxable gift can be for their taxpayers.  They will understand why taxpayers will be participating in the largest amount of gifting in their lifetimes prior to January 1, 2026.  Attendees will comprehend the need for gifting and how their wealthy clients can use trusts to keep IRS from being a beneficiary when they die.

Who Should Attend:
Accountants, Attorneys

Learning Objectives:

Prerequisites:
None

Level:
Intermediate

Advanced Preparation:
None

Delivery Method:
Group Live

Course 2031 - What’s NEW in Long Term Care Insurance Planning?

Thursday, November 16 @ 12:45 PM
(1 CPE Special Knowledge) (1 CFP)
Natalie Karp & Rona Loshak; Karp Loshak LTC Insurance

The last year has seen considerable changes. The market has expanded, new carriers and new solutions offered that address the growing need to plan given longevity, limited government programs, changing family dynamics and the high cost of self-funding. And, a discussion of the changing legislation as well as new planning concepts for consumers and employers in today's evolving LTC landscape.

Who Should Attend:
Accountants, Attorneys, CFPs

Learning Objective:

Prerequisites:
None

Level:
Intermediate

Advanced Preparation:
None

Delivery Method:
Group Live

Course 2032 - Overlooked and Underused Tax Deductions

Thursday, November 16 @ 12:45 PM
(1 CPE TAXES) (1 CFP) (1 IRS CE G1U2N-Q-00282-23-I)
Mary Read, CPC, QPA, CPFA

This session will explore overlooked and underutilized tax deductions available through qualified retirement plans for closely held businesses.  For those who have accumulated money in qualified accounts, such as IRAs and 401(k)s, we will look at the common tax mistakes made in distributing this money and how to better position the money to lower the tax bill and increase benefits.  

Who Should Attend:
Accountants, Attorneys and CFPs

Learning Objectives:
Recognize and identify tax savings, reduction of risk and flexibility of retirement accounts

Prerequisites:
None

Level:
Intermediate

Advanced Preparation:
None

Delivery Method:
Group Live

Course 2033 - Don’t Trust Your Computer – Part 1

Thursday, November 16 @ 12:45 PM
(1 CPE Specialized Knowledge) (1 CLE)
Robert S. Barnett, JD, Masters (Taxation), CPAJoseph N. Endres , Esq., Gregory Matalon, Esq., Barry Sunshine, CPA, CGMA, MS

Tax preparation computer issues will be presented (focus TBD).  Warning! This may lead to indigestion.

Who Should Attend:
Accountants, Attorneys

Learning Objectives:

Prerequisites:
None

Level:
Intermediate

Advanced Preparation:
None

Delivery Method:
Group Live

Course 2034 - Introduction to Purchasing a New Home with (HECM) Reverse Mortgage Financing

Thursday, November 16 @ 12:45 PM
(1 CPE Specialized Knowledge) (1 CFP)
Robert Tollin, CRMP, CDLP

We will cover what trusted advisors should know about the reverse for purchase program.

One will come away knowing how the purchase program works, its consumer protections, and examples will be demonstrated of utilizing the program whether you are relocating, downsizing, or rightsizing. 

Who Should Attend:
Accountants and CFPs

Learning Objectives:
Recognize and identify financing options meant for homeowners 

Level:
Intermediate

Prerequisites:
None

Advanced Preparation:
None

Delivery Method:
Group Live

Course 2041 - 1040 Update Part 1

Thursday, November 16 @ 1:55 PM
(2 CPE TAXES) (2 CLE) (2 CFP) (2 IRS CE G1U2N-U-00292-23-I)
Neil D. Katz, J.D., LL.M., CPA

As we focus on the coming 2023 filing season, we see that certain changes have already been made, and President Biden and Congress continue to discuss and debate even more significant modifications. This session will cover any new laws as well as Federal tax cases and rulings that are imperative for the CPA to know. We will primarily focus on the issues necessary to prepare you for your planning discussions with your clients as their fiscal years come to an end and to ready yourselves and your clients for filing their 2023 individual returns.

This is a repeat program of 1041

Who Should Attend:
Accountants, Attorneys, CFP

Learning Objective:
Recognize and identify Federal tax issues

Level:
Intermediate

Prerequisites:
None

Advanced Preparation:
None

Delivery Method:
Group Live

Course 2042 - Current Developments in NJ/CT Taxation

Thursday, November 16 @ 1:55 PM
(2 CPE TAXES) (2 CLE)

New Jersey Tax Update
James B. Evans Jr., CPA, J.D., LL.M.

This session will review developments affecting New Jersey taxpayers including new laws, regulations, administrative rulings and state tax cases, including developments regarding the Gross Income Tax, the Corporation Business Tax and New Jersey S corporations, the Pass-through Entity Business Alternative Income Tax, the Sales and Use Tax, tax compliance and procedure issues, and tax planning strategies.

Connecticut Tax Update
Louis B. Schatz, Esq.

This seminar will review recent Connecticut tax developments, including legislative, judicial, and administrative changes. Particular emphasis will be placed on Connecticut’s 2023 legislative changes, including changes to Connecticut’s pass-through entity tax, and an update of other recent developments in Connecticut’s sales and use tax, personal income tax and corporate business tax.

Who Should Attend:
Accountants, Attorneys and CFPs

Learning Objectives:
Recognize and identify current developments in NJ/CT Taxation.

Prerequisites:
Basic general knowledge of NJ/CT taxes

Level:
Intermediate

Advanced Preparation:
None

Delivery Method:
Group Live

Course 2043 - Future Of Auditing and Audit Firms

Thursday, November 16 @ 1:55 PM
(2 CPE AUDITING)
Alexander K. Buchholz, CPA, MBA, CGMA 

A discussion about what a future audit might look like, (remote/hybrid/on-site, AICPA DAS project, etc.), what accounting firms will have to deal with, such as changes to staffing on engagements, non-CPA's, more quantitative/statistical work.  This session will allow practitioners to consider the current audit approach and how they may be able to adapt to an ever-changing environment. 

Who Should Attend:
Accountants

Learning Objectives:

Level:
Intermediate

Prerequisites:
None

Advanced Preparation:
None

Delivery Method:
Group Live

Course 2044 - Beneficial Ownership Information (BOI)

Thursday, November 16 @ 1:55 PM
(2 CPE TAXES)
Barry L. Sunshine, CPA, CGMA, MS


As required under the Corporate Transparency Act “CTA” effective 2024, certain small businesses are required to report certain beneficial ownership information to FinCEN. This is new reporting requirement, learn more about these reporting requirements and how we can assist our clients. 

Who Should Attend:
Accountants

Learning Objectives:

Prerequisites:
None

Level:
Intermediate

Advanced Preparation:
None

Delivery Method:
Group Live

Course 2051 - 1040 Update Part II

Thursday, November 16 @ 3:55 PM
(2 CPE TAXES) (2 CLE) (2 CFP) (2 IRS CE G1U2N-U-00293-23-I)
Neil D. Katz, J.D., LL.M., CPA

As we focus on the coming 2023 filing season, we see that certain changes have already been made, and President Biden and Congress continue to discuss and debate even more significant modifications. This session will cover any new laws as well as Federal tax cases and rulings that are imperative for the CPA to know. We will primarily focus on the issues necessary to prepare you for your planning discussions with your clients as their fiscal years come to an end and to ready yourselves and your clients for filing their 2023 individual returns.

This is a continuation of program 2041

This is a repeat program of 1051

Who Should Attend:
Accountants, Attorneys, CFP

Learning Objective:
Recognize and identify Federal tax issues

Prerequisites:
None

Level:
Intermediate

Advanced Preparation:
None

Delivery Method:
Group Live

Course 2052 - Sales and Use Tax Checklist

Thursday, November 16 @ 3:55 PM
(2 CPE TAXES) (2 CLE)
Mark L. Stone, CPA, MST

Mark L. Stone will walk you through a conversation every trusted advisor should have with their client to help ensure sales and use tax compliance and minimize potential exposure. He’ll take you topic-by-topic to cover all the areas and point out key nuances.

Who Should Attend:
Accountants, Attorneys

Learning Objectives:

Prerequisites:
None

Level:
Intermediate

Advanced Preparation:
None

Delivery Method:
Group Live

Course 2053 - Disclosure of Financial Records in a Divorce and The Crucial Role of the CPA

Thursday, November 16 @ 3:55 PM
(2 CPE TAXES) (2 CFP) (2 CLE)
Donna E. LaScala, RFC®, CDFA®, CLTC , Concetta Spirio, Esq., Nannette Watts, CPA, ABV, CFF

Participants will learn what documents their clients have, how they are relevant to a divorce and what reliance is placed on the records received. We will discuss real life situations, detailing how issues of cooperation vs. non-compliance, working with both parties to gather information, working with the CPA to help in fact gathering, and the problems in obtaining partial information in snippets vs the entire picture can affect the successful outcome for the client.  Details on how the accountant can be a crucial part of assisting the attorney in understanding the financial records will be discussed as well as the difference between what information is pertinent in a case where a business is involved.  Case studies and role play will be utilized to illustrate these points.

Who Should Attend:
Accountants, Attorneys and CFPs

Learning Objectives:
Recognize and identify strategies to provide tax and financial assistance during divorce

Prerequisites:
None

Level:
Intermediate

Advanced Preparation:
None

Delivery Method:
Group Live